Kohl’s Corp. (NYSE:KSS) issued its quarterly earnings data on Thursday. The company reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.10. The company earned $4.33 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Kohl’s Corp. had a return on equity of 13.39% and a net margin of 3.02%. The business’s revenue was down 2.3% on a year-over-year basis. During the same period last year, the business earned $0.75 earnings per share. Kohl’s Corp. updated its FY17 guidance to $3.80-4.00 EPS.

Kohl’s Corp. (NYSE:KSS) opened at 50.97 on Friday. Kohl’s Corp. has a 52-week low of $33.87 and a 52-week high of $52.91. The stock’s 50 day moving average price is $44.14 and its 200 day moving average price is $41.16. The firm has a market capitalization of $9.15 billion, a price-to-earnings ratio of 16.55 and a beta of 1.00.

Earnings History for Kohl`s Corp. (NYSE:KSS)

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Wednesday, December 7th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, December 5th. This represents a $2.00 annualized dividend and a dividend yield of 3.92%. Kohl’s Corp.’s payout ratio is currently 65.15%.

A number of brokerages have issued reports on KSS. OTR Global cut Kohl’s Corp. from a “mixed” rating to a “sell” rating in a report on Wednesday, November 2nd. Zacks Investment Research cut Kohl’s Corp. from a “hold” rating to a “sell” rating in a report on Monday, October 24th. Cowen and Company reissued a “market perform” rating and set a $46.00 price objective on shares of Kohl’s Corp. in a report on Friday, October 21st. Guggenheim began coverage on Kohl’s Corp. in a report on Friday, September 30th. They set a “buy” rating and a $50.00 price objective for the company. Finally, Bank of America Corp. reissued a “buy” rating and set a $50.00 price objective on shares of Kohl’s Corp. in a report on Thursday, September 29th. Eight investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $48.17.

Hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can acquired a new stake in Kohl’s Corp. during the second quarter valued at $58,707,000. Hamlin Capital Management LLC acquired a new stake in Kohl’s Corp. during the third quarter valued at $57,296,000. Schroder Investment Management Group raised its stake in Kohl’s Corp. by 217.2% in the third quarter. Schroder Investment Management Group now owns 1,852,137 shares of the company’s stock valued at $81,031,000 after buying an additional 1,268,165 shares during the period. JPMorgan Chase & Co. raised its stake in Kohl’s Corp. by 10.8% in the second quarter. JPMorgan Chase & Co. now owns 12,210,081 shares of the company’s stock valued at $463,006,000 after buying an additional 1,186,640 shares during the period. Finally, Morgan Stanley raised its stake in Kohl’s Corp. by 377.9% in the third quarter. Morgan Stanley now owns 1,336,085 shares of the company’s stock valued at $58,453,000 after buying an additional 1,056,527 shares during the period. 98.55% of the stock is currently owned by institutional investors and hedge funds.

About Kohl’s Corp.

Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company also operates an e-commerce Website (www.Kohls.com). The Company operates over 1,160 department stores in approximately 50 states. The Company sells private label, exclusive and national brand apparel, footwear, accessories, beauty and home products.

5 Day Chart for NYSE:KSS

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